Morgan Stanley hires two advisors from UBS

JoseeRose

NEW YORK (MarketWatch) -- Morgan Stanley
MS, -0.59%
recruited a team of financial advisors from UBS AG
UBS, -0.60%
for its global wealth management unit in Los Angeles.

The company hired Thomas Murphy and Ari Kalan, effective Friday. Their combined fees and commissions over the past 12 months was about $1.18 million and their prior assets under management were about $321 million.

Murphy worked at UBS since 1976 and Kalan worked at UBS since 1989. Prior to that, Kalan worked at Fitscape.com and Beach Cities Health District in California.

Morgan Stanley also confirmed Jamie Rosica and Joseph Rosica joined the Melville, N.Y., office Friday. They worked for CitiGroup's
C, +0.14%
Smith Barney unit since 2000. They had combined fees and commission over the past 12 months of about $900,000, and combined prior assets under management of about $100 million.

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